Kirk's hearing for final approval to use cash collateral postponed

By Jennifer Lanning Drey

Portland, Ore., June 4 - Kirk Corp.'s hearing for final approval to access cash collateral was postponed to June 22 by the U.S. Bankruptcy Court for the Northern District of Illinois.

The company's interim access to cash collateral was continued through the hearing, according to a Thursday filing.

The cash collateral is being used to pay wages, salaries and operating expenses during the interim period.

The hearing was originally scheduled for Thursday.

Kirk, an employee-owned homebuilder based in Streamwood, Ill., filed for bankruptcy on May 12. Its Chapter 11 case number is 0917236.

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